Famous mining company Lucara Diamond has unearthed another big diamond from their Botswana mine. This time, they found a 472 carat light brown diamond, the third largest diamond found by the mining company. While brown diamonds are typically less valued in the diamond market, the immense size of this diamond means that it will likely be valued differently from the usual $4000 to $7000 per carat. But that also depends on what the manufactures end up doing in terms of accentuating color through diamond polishing techniques. In that sense, brown diamonds usually get a lot if interest because there is a lot that diamond polishers can do with brown diamonds.
The brown diamond was found in the Karowe mine, a site that has proven to a treasure trove of large diamonds – some are even the biggest and best diamonds worldwide. The 1,109 carat diamond names Lesedi La Rona was the largest diamond ever uncovered at this mine, and was sold for $53 million in 2017. That breaks down to $47,777 per carat. However, just the year before in 2016 Lucara sold the most expensive gem ever, when they sold the 813 carat Constellation diamond at $63 million. The higher price for this diamond compared to Lesedi La Rona was because of its superior quality.